Not everyone does. Owning a house is expensive, as you have constant upkeep (so both time and money) and once you do own it outright, you need to pay taxes, which are not stable overtime.
How about we not assume that there is some one size fits all MARKET-BASED solution to this and start treating housing for what it is - a human right we’re all entitled to.
Um, we did that in ATL and thousands of working class Atlantans were pushed out of the city as a result (mostly Black working class citizens). One of the very last things Mayor Bottoms did on her way out the door was two green light two pilot programs of guaranteed income - one for working class Black women (specifically single mothers, I believe) and one for anyone who qualified (I forget how many people each program is capped at). The best way to fix these kinds of issues is not to let the market deal with it, but rather to put money and resources into the hands of people who best know what they need. If you want the government to “get out of the way” this is a key place to do it. Stop having the government treat working class people like moral failures for being poor, but instead to recognize that the problem are the structures that are currently weighted towards those with money and resources to hoard even more money and resources. The government should work for working families, not for rich landlords…
That’s because rent control has been consistently attacked and subverted… Rent control worked to keep working class people in their homes for decades, and in fact STILL often does.
